DoCoMo Rejects Funding Request
From KPN Mobile, Reduces Stake

Nikkei Net Interactive

Updated Dec. 5, 2002 10:34 p.m. ET

TOKYO -- NTT DoCoMo Inc. decided on Thursday to turn down a request by Dutch carrier KPN Mobile N.V. to buy about &euro;2.5 billion ($2.5 billion) worth of new shares to maintain its 15% stake, sources close to the matter told The Nihon Keizai Shimbun.

The refusal is expected to reduce DoCoMo's stake to below 3% and could have an impact on the i-mode mobile Internet service on which the two firms collaborated in some parts of...